BidaskClub Lowers Universal Logistics (NASDAQ:ULH) to Hold

BidaskClub cut shares of Universal Logistics (NASDAQ:ULH) from a buy rating to a hold rating in a report released on Thursday, BidAskClub reports.

Separately, ValuEngine lowered shares of Universal Logistics from a hold rating to a sell rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $26.00.

Universal Logistics stock traded up $0.03 during mid-day trading on Thursday, hitting $18.83. The company had a trading volume of 39,000 shares, compared to its average volume of 63,741. Universal Logistics has a 12 month low of $17.40 and a 12 month high of $27.49. The company has a market capitalization of $544.01 million, a PE ratio of 9.05 and a beta of 2.06. The stock’s 50 day moving average price is $20.76 and its two-hundred day moving average price is $21.26. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.94.

Universal Logistics (NASDAQ:ULH) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.15). The company had revenue of $375.49 million for the quarter, compared to the consensus estimate of $387.60 million. Universal Logistics had a net margin of 2.49% and a return on equity of 29.93%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be issued a $0.105 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.42 dividend on an annualized basis and a yield of 2.23%. Universal Logistics’s payout ratio is currently 20.19%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Universal Logistics by 3.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,075 shares of the transportation company’s stock valued at $451,000 after purchasing an additional 700 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of Universal Logistics by 5.8% in the second quarter. Alberta Investment Management Corp now owns 20,000 shares of the transportation company’s stock worth $449,000 after purchasing an additional 1,100 shares during the last quarter. State Street Corp raised its stake in shares of Universal Logistics by 1.1% in the third quarter. State Street Corp now owns 147,821 shares of the transportation company’s stock worth $3,457,000 after purchasing an additional 1,655 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Universal Logistics by 86.3% during the second quarter. JPMorgan Chase & Co. now owns 3,778 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Universal Logistics by 4.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 50,047 shares of the transportation company’s stock valued at $1,125,000 after purchasing an additional 2,043 shares in the last quarter. Institutional investors and hedge funds own 27.20% of the company’s stock.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. It offers transportation services including dry van, flatbed, heavy haul, and refrigerated services; domestic and international freight forwarding and customs brokerage services; and final mile and ground expedite services.

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